1886 State Highway 940FreelandPA18224
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Total monthly income runs $540/mo, and a $1,810/mo payment. Purchase price stands at $369,900, and rental yield measures 1.75% with $540/mo rent. Return on cash invested shows 1.48% in year one, and 5% annual appreciation builds toward $102,197 over five years. Five-year ROI reaches 4.49% and total cumulative return in cash records $5,506. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $540/mo property income covering a $1,810/mo payment rather than investor’s personal income.
Multi Family
Built in 1961
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18224, Freeland, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,199 (100%) |
| Owner Occupied HU | 1,957 (61.2%) |
| Renter Occupied HU | 855 (26.7%) |
| Vacant Housing Units | 387 (12.1%) |
| Median Home Value | $141,635 |
| Average Home Value | $168,710 |
Housing Distribution
Address Breakdown
Residential
2,918
Single Family
2,800
Multi-Family
118
Businesses
132
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Listed by: George Lacey • North Penn Realty
Mls Name: Luzerne County AOR
Mls ID: #25-3124
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.